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Tax Return/NI - Confusion
Drea
Posts: 9,892 Forumite
Hey all,
I have a full time job but have also registered self employed from 20th November 2012. I haven't recieved anything in the post about a tax return (in fact I haven't recieved anything at all since I registered) but I'm not sure if I should have done it or if it's for last year? I'm just so confused with the whole thing really!
Also, I was expecting to recieve something in the post to tell me how to register for my additional National Insurance. Have I not had anything because I pay it through full time work?
Sorry to be so daft, I thought I understood everything then the more I think about it the more confused I manage to make myself! Thanks for any help
I have a full time job but have also registered self employed from 20th November 2012. I haven't recieved anything in the post about a tax return (in fact I haven't recieved anything at all since I registered) but I'm not sure if I should have done it or if it's for last year? I'm just so confused with the whole thing really!
Also, I was expecting to recieve something in the post to tell me how to register for my additional National Insurance. Have I not had anything because I pay it through full time work?
Sorry to be so daft, I thought I understood everything then the more I think about it the more confused I manage to make myself! Thanks for any help
Just because you made a mistake doesn't mean you are a mistake.
0
Comments
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Hey all,
I have a full time job but have also registered self employed from 20th November 2012. I haven't recieved anything in the post about a tax return (in fact I haven't recieved anything at all since I registered) but I'm not sure if I should have done it or if it's for last year? I'm just so confused with the whole thing really!
Also, I was expecting to recieve something in the post to tell me how to register for my additional National Insurance. Have I not had anything because I pay it through full time work?
Sorry to be so daft, I thought I understood everything then the more I think about it the more confused I manage to make myself! Thanks for any help
You should receive your tax return demand about the end of March/beginning of April for tax year ending 05 April 2013.
(You have until end of Jan 2014 to complete it)0 -
You will automatically be sent a national insurance bill twice a year to pay by Jan and July. Unlike tax, national insurance is separate for self employment and employment. If you intend to earn less than £5500 in self employment (I think that is threshold ish but I could be wrong) you can apply for exemption. You will need to ring them to do that.0
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simplydevine05 wrote: »You will automatically be sent a national insurance bill twice a year to pay by Jan and July. Unlike tax, national insurance is separate for self employment and employment. If you intend to earn less than £5500 in self employment (I think that is threshold ish but I could be wrong) you can apply for exemption. You will need to ring them to do that.
If only the government used memorable round figures : £5595 this year, £5725 next year.0
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